Canadian Financial Close: C$ softens with GDP data

By Commodity News Service Canada\

WINNIPEG, September 29 – The Canadian dollar ticked lower
against its US counterpart on Friday, as signs emerged
suggesting the Canadian economy was slowing down.
July’s gross domestic product reading was flat for the
month of July, which spooked some investors.
A report by the Royal Bank says housing affordability in
the country is at its worst level since 1990.
Gains in crude oil prices were offset by declines in gold
bullion.
The Canadian dollar ended Friday at US$0.8013 cents or

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C$1.2480, compared to Thursday’s North American close of
US$0.8032 or C$1.2450.
In Toronto, the S&P/TSX Composite Index rose by 16.69
points, or 0.11% to 15,634.94.